Weaslespit
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Cincinnati
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Message Posted: May 17, 2013 5:02:02 PM
And when it goes back down I will buy more stocks... There are ALWAYS corrections to be had in the market.
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I75at7AM
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Dayton
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Message Posted: May 17, 2013 4:26:41 PM
As many have posted earlier, the stock market is going up because it is literally the only game in town where investors can make money, not just from the increase in stock price but from the payment of dividends of profitable corporations.
Rising Stocks: A “Fake Rally” or Just Supply & Demand?
And how long can this "rally" last? It is built on "free" money being pumped into the economy by the Fed purchasing Treasury securities, to the tune of $85 Billion a month.Talk of Fed wind down grows louder
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gocatgo
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South Carolina
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Message Posted: May 17, 2013 10:35:11 AM
I buy stocks partly because I believe in America and partly because I enjoy the accumulated wealth I have thanks to the stock market. I will bet on America every time in spite of what the hope for failure crowd says.
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nstrdnvstr
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Twin Cities
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Message Posted: May 17, 2013 9:05:04 AM
The stock market is in a bubble. There is nowhere else for the investment money to go. Those buying bonds will lose tons of money when interest rates eventually rise. This will happen when the Feds stop pumping $85,000,000,000 a month into the economy.
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Tru2psu2
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Winston-Salem
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Message Posted: May 17, 2013 5:26:11 AM
101, when interest rates go up we'll see how strong this economy is. I think I know what you are hoping for Mr Hope for Failure.
-------------------------------------
These jokers will disappear when that happens....
You won't be able to find them to stick it in their ear!
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101Speedster
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Ventura
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Message Posted: May 16, 2013 8:14:17 PM
Go ahead and bury your head in the sand if you want, gocatgo.
I'm sure with all of the jobs that Obama is saving, the economy will be just fine. <s>
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gocatgo
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South Carolina
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Message Posted: May 16, 2013 12:21:29 PM
101, when interest rates go up we'll see how strong this economy is. I think I know what you are hoping for Mr Hope for Failure.
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101Speedster
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Ventura
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Message Posted: May 15, 2013 8:10:26 PM
Some day interest rates will go up. Then we will see how strong this economy is.
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kiatoindos
Veteran Author
Chicago
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Message Posted: May 15, 2013 9:47:10 AM
Wait till it crashes
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101Speedster
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Ventura
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Message Posted: May 14, 2013 10:14:55 PM
Unemployment numbers are going down. Full time labor participation numbers are going down.
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tankerCA
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Chico
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Message Posted: May 13, 2013 5:55:35 PM
Excuse me but when you inject a trillion borrowed dollars (from China) into the economy for bail outs and business incentives, it's pretty hard to loose. Add to that the borrowed .7 Trillion from the Chinese by the previous Administration and the "mystery" is cleared up. Add to that the non-stop printing of the dollar by the Federal Reserve (which is a private organization) and there is no mystery.
The inescapable train wreck is coming fast and furiously. It will hit the day the world's reserve currency (the dollar)is no longer accepted. Already the debt is nearly unsustainable... The interest on the national debt consumes most of Americas GNP. So LOL to you. Hope you're ready for the biggest crisis ever to hit the US.
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nstrdnvstr
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Twin Cities
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Message Posted: May 13, 2013 5:45:24 PM
""How about employment numbers? Going up, right? That's a good thing, right?"
Employment numbers are going up? What is the labor participation rate right now? What was it just 4 years ago?
What about the overly large number of people on food stamps? I bet they are saying that the economy isn't good right now.
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btc1
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Lexington
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Message Posted: May 13, 2013 5:38:26 PM
Weaslespit, "Did anybody really expect to regain such ghastly losses in just a couple of years? I'll take 9 more years of steady recovery/growth."
I agree. As a matter of fact I said that back in 2009.
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Weaslespit
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Cincinnati
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Message Posted: May 13, 2013 2:53:51 PM
"How about employment numbers? Going up, right? That's a good thing, right?
Try this statistic: at the current rate of job creation, it will take nine more years for the unemployment rate to reach the point it was at before the recession started. Source? NPR news."
Did anybody really expect to regain such ghastly losses in just a couple of years? I'll take 9 more years of steady recovery/growth. Look at Europe...
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Weaslespit
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Cincinnati
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Message Posted: May 13, 2013 2:51:56 PM
"The main point I wanted to make by posting Reich's comments is that the recent performance of the stock market is not necessarily related to anything Obama has done."
OK, we are in agreement then! I do believe that the DOW is only a rough indicator with regards to the health of the economy. That is why I supplement such information with job reports, etc.
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btc1
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Lexington
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Message Posted: May 13, 2013 1:17:25 PM
I still have not had anyone explain to me why when it drops it is really bad, but when it goes up it is not good.
Hmmmm... both ways? What causes the change in interpretation?
It is not something that immediately says we are back, but, it seems it is a good indicator of investor confidence.
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Tru2psu2
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Winston-Salem
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Message Posted: May 13, 2013 12:58:46 PM
I really want to hear you chime in when the Fed stops buying bonds and printing money....
Don't disappear now!
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I75at7AM
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Dayton
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Message Posted: May 13, 2013 12:47:13 PM
>>>"Unlike RNorm, I think there are other indicators which are better in determining the stability of the country's economy."
Yeah, I could cite other indicators,... <<<
How about employment numbers? Going up, right? That's a good thing, right?
Try this statistic: at the current rate of job creation, it will take nine more years for the unemployment rate to reach the point it was at before the recession started. Source? NPR news.
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LTVibe
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Orlando
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Message Posted: May 13, 2013 12:27:51 PM
>>>"...in a global economy everybody wins. Just because Apple (for example) assembles most of thier products in China doesn't mean that iPhone sales don't have a profound benefit to the US economy with regards to apps, etc. Manufacturing is only one piece of the pie."<<<
I agree. Perhaps we've been trying too hard to find disagreement.
The main point I wanted to make by posting Reich's comments is that the recent performance of the stock market is not necessarily related to anything Obama has done. The good news is that Obama's policies have not had any negative effects on Wall Street.
[Edited by: LTVibe at 5/13/2013 12:29:26 PM EST]
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Weaslespit
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Cincinnati
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Message Posted: May 13, 2013 11:31:05 AM
"Yes we do. And we would have many more employed if companies didn't invest so much of their engineering budget overseas."
That is a very speculative comment, don't you think?
"But there are many companies, like HP and Apple, that do not have obligations imposed on them by unions and the government like GM does. HP and Apple are free to invest far more overseas."
You brought up GM specifically with regards to Caddy in China... Regardless, in a global economy everybody wins. Just because Apple (for example) assembles most of thier products in China doesn't mean that iPhone sales don't have a profound benefit to the US economy with regards to apps, etc. Manufacturing is only one piece of the pie.
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RNorm
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San Bernardino
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Message Posted: May 13, 2013 11:00:30 AM
"Unlike RNorm, I think there are other indicators which are better in determining the stability of the country's economy."
Yeah, I could cite other indicators, but many would still pooh pooh those as well and would STILL only see doom and gloom...so why bother?
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LTVibe
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Orlando
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Message Posted: May 13, 2013 10:49:26 AM
>>>LOL - of course, the US doesn't employ anybody in this field...<<<
Yes we do. And we would have many more employed if companies didn't invest so much of their engineering budget overseas.
>>>First, you ignored my second comment on this point that the recovery could have been better.<<<
Then I guess we are in agreement to some extent.
>>>Unless Opel is doing well in Europe? I don't see GM investing too much there...<<<
Opel isn't doing well. Nonetheless...
April 10, 2013 - GM to Invest $5.2 Billion in Opel Over Next Four Years
>>>Perhaps you should Google the amount of money GM has invested in its plants in the US recently to give you some persepctive.<<<
No need to 'Google' it. I've been reading GM's corporate news page for years. But there are many companies, like HP and Apple, that do not have obligations imposed on them by unions and the government like GM does. HP and Apple are free to invest far more overseas.
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reb4
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Chicago
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Message Posted: May 13, 2013 10:22:41 AM
How's Detroit Economy doing???
Also, who is realizing the gains in the stock markets? Is the average joe?
One of my 401K accounts is doing all right... It's recovered from the dip of 2009. Though I have limited my exposure to stock market due to concern of volatility... Unlike RNorm, I think there are other indicators which are better in determining the stability of the country's economy.
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gocatgo
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South Carolina
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Message Posted: May 13, 2013 9:38:04 AM
I can't help but notice cons are not bragging about their rising 401K. I think they are afraid that would be an admission that the economy has turned around. Cons as usual are very reluctant to give this President credit for success. This is the same bunch that says they are not biased.
Shock, Shock.
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Weaslespit
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Cincinnati
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Message Posted: May 13, 2013 9:13:14 AM
"Yes, but often they are workers in other countries. For example, United Technologies has 'research and development centers in Shanghai, China, and Cork, Ireland'."
LOL - of course, the US doesn't employ anybody in this field...
"And unemployment was considered 'unacceptably' high 4 tears ago. Recent improvements in job gains are still far too low to absorb young workers now entering the work force for the first time."
First, you ignored my second comment on this point that the recovery could have been better. Secondly, you need to read my link from 5/3 regarding job gains being 'too low'. Hopefully you will be pleasantly surprised.
"It's not what I 'think', it's what Reich thinks."
If you posted it then you must 'think' the same. You would both be wrong. Unless Opel is doing well in Europe? I don't see GM investing to omuch there...
"May 7, 2013 - GM Approved To Build $1.3 Billion Cadillac Assembly Plant In China"
And so do you assume all components for Caddy's assembled in China are also assembled in China? Perhaps you should Google the amount of money GM has invested in its plants in the US recently to give you some persepctive.
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btc1
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Lexington
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Message Posted: May 13, 2013 8:14:13 AM
This at least means that investors have the confidence to invest. The reason they are betting on the stock market, though, is because interest rates are so low.
Is inflation around the corner? Maybe. But, the Fed is struggling to keep that at bay.
Now the US Government has surpluses. Well, it is an improvement. Like I have said in another thread, we here in Central Kentucky are experiencing a growth in jobs from companies worldwide who decided either to come here or expand here. Something is looking good to them.
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LTVibe
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Orlando
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Message Posted: May 13, 2013 7:58:03 AM
This is for the posters who do not read the other thread...
>>>And who does the technology development? Workers...<<<
Yes, but often they are workers in other countries. For example, United Technologies has 'research and development centers in Shanghai, China, and Cork, Ireland'.
>>>Unemployment is at a 4-year low.<<<
And unemployment was considered 'unacceptably' high 4 tears ago. Recent improvements in job gains are still far too low to absorb young workers now entering the work force for the first time.
>>> If you think global expansion is up across the board, I would have to say you are mistaken.<<<
It's not what I 'think', it's what Reich thinks. Considering he is a liberal Democrat, perhaps his facts are skewed. On the other hand, I often see headlines like this: May 7, 2013 - GM Approved To Build $1.3 Billion Cadillac Assembly Plant In China
[Edited by: LTVibe at 5/13/2013 8:01:37 AM EST]
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LTVibe
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Orlando
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Message Posted: May 13, 2013 7:23:25 AM
>>"Since you posted the same thing in multiple threads vibe..."<<
I posted it in just two threads, and for one reason: the author, Robert Reich, is a well known and respected economist as well as a liberal Democrat Obama supporter. And he does not credit Wall Street's performance with the President's policies.
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RNorm
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San Bernardino
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Message Posted: May 13, 2013 1:38:32 AM
More turrible news:
"It was the first monthly surplus since January and the biggest monthly surplus since the $159 billion budget surplus of April 2008.
Tax receipts were $407 billion, up 28% versus April 2012, while spending was $294 billion, 13% more than in the year-earlier month.
April is typically a surplus month because of income-tax payments.
Through the first seven months of the 2013 fiscal year, the deficit is $488 billion, 32% lower than the same period last year.
The monthly number was about in line with a projection earlier this week from the Congressional Budget Office."
April budget surplus is U.S.’s biggest in 5 years...(Federal deficit is down 32% so far this fiscal year too)
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jayrad1957
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Los Angeles
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Message Posted: May 13, 2013 12:41:33 AM
My 401k is up almost 11% in the last year. I can't complain.
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jayrad1957
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Los Angeles
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Message Posted: May 12, 2013 10:46:33 PM
"Its amazing, but predictable that as things continue to improve, all some people see is gloom and doom..."
It is all part of the ODS many on the right are suffering from...
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RNorm
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San Bernardino
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Message Posted: May 12, 2013 9:25:59 PM
Its amazing, but predictable that as things continue to improve, all some people see is gloom and doom...
*ROTFL*
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Weaslespit
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Cincinnati
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Message Posted: May 12, 2013 6:50:57 PM
Since you posted the same thing in multiple threads vibe, I'll respond in-kind;
"First, productivity gains. Corporations have been investing in technology rather than their workers."
And who does the technology development? Workers...
"Second, high unemployment itself. Joblessness all but eliminates the bargaining power of most workers -- allowing corporations to keep wages low."
Unemployment is at a 4-year low. Takes time to recover from the free-fall Obama inherited. Could the recover have been better? Absolutely.
"Third, globalization. Big American-based corporations have been expanding and hiring around the globe where markets are growing fastest -- even while the U.S. market is lackluster."
The global economy is still hurting, far worse than our own (especially Europe). Even China is having issues. If you think global expansion is up across the board, I would have to say you are mistaken.
"Finally, the Fed's easy-money policies. They've pushed investors into the stock market because bond yields are so low."
Yes, this I would agree with. Expect a correction when this policy changes (making it the time to buy more stocks).
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gocatgo
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South Carolina
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Message Posted: May 12, 2013 11:27:52 AM
My 401K had another "Really Bad" record breaking week.
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LTVibe
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Orlando
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Message Posted: May 12, 2013 9:37:21 AM
The cloud behind the silver lining: Liberal economist Robert Reich explains the run up in stocks...
Why is the stock market doing so well, while most Americans are doing so poorly? Four reasons:
"First, productivity gains. Corporations have been investing in technology rather than their workers."
"Second, high unemployment itself. Joblessness all but eliminates the bargaining power of most workers -- allowing corporations to keep wages low."
"Third, globalization. Big American-based corporations have been expanding and hiring around the globe where markets are growing fastest -- even while the U.S. market is lackluster."
"Finally, the Fed's easy-money policies. They've pushed investors into the stock market because bond yields are so low."
[Edited by: LTVibe at 5/12/2013 9:38:45 AM EST]
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Tru2psu2
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Winston-Salem
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Message Posted: May 10, 2013 1:01:40 PM
All that money that is being printed has to go somewhere...stocks are the place for it now....when interest rates rise..I want you to weigh in then....
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gocatgo
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South Carolina
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Message Posted: May 10, 2013 12:39:17 PM
Norm, "someone has to accept those earnings". My son and 2 grandchildren will cry about that all the way to the bank and new car dealerships when the time comes to share and share alike. It took about 45 years to build up my wealth and sadly I don't have another 45 years to spend it. Maybe I should find a cute 20ish hoochie momma to advise me on how to spend my family's inheritance.
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RNorm
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San Bernardino
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Message Posted: May 9, 2013 3:22:00 PM
"I am enjoying watching my 401K go up. At age 70 I will reluctantly accept my earnings from my 401k."
Yeah, that's tough. I feel your pain...but someone has to accept those earnings...
*ROTFL*
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gocatgo
Champion Author
South Carolina
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Message Posted: May 9, 2013 3:13:04 PM
Maho, "take you out of context", no I was making a statement of fact based on part of your post. Here's another fact, my 401K went up another $20,000 since that first post. And again I hold Obama personally responsible. "Market overvalued"? No it's just playing catch up.
nstrd, "start redistributing your wealth". I will as soon as my Grandkids are ready for college.
Norm, "improvement" is not a word that cons like to use while promoting hope for failure. If the Dow were down cons would love it.
I am enjoying watching my 401K go up. At age 70 I will reluctantly accept my earnings from my 401k. I will still have another 4 years to see which college my grandson wants to attend.
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Weaslespit
Champion Author
Cincinnati
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Message Posted: May 9, 2013 12:59:21 PM
The bad news just keeps hitting for Obama...
[Edited by: Weaslespit at 5/9/2013 1:00:36 PM EST]
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RNorm
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San Bernardino
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Message Posted: May 7, 2013 6:16:00 PM
"Norm, For every economist, that is happy with the small improvement in the economy, there is one that says it won't last. so once again we will just need to wait and see who is right. "
Translation: There are optimists and there are pessimists. So we'll have to wait and see.
You guys can be doomers and gloomers...I'll keep looking for the silver lining. For I know we're no longer losing hundreds of thousands of jobs each month; which is a very good thing and one that none of you guys can even acknowledge...but would be singing off the rooftops if the president had a (R) behind his name.
SMH
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noseatbelt
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Indiana
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Message Posted: May 7, 2013 5:55:30 PM
Norm, For every economist, that is happy with the small improvement in the economy, there is one that says it won't last. so once again we will just need to wait and see who is right. One way or another, the fed can't keep up printing money, with nothing to cover it.
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RNorm
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San Bernardino
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Message Posted: May 7, 2013 5:16:55 PM
"what will happen, when the fed stops printing money, to bolster the economy? They can't keep it up forever."
Oh, I don't know, maybe the global market will continue to improve and that will result in improvement stateside?
Or maybe we'll stop thinking the solution to everything is a military intervention, resulting in more deficits that we don't need?
You know what they say Forrest, Life is like a box of chocolates...one never knows what they'll get...but its not the doom and gloom that so many on the right have been predicting every day since January 20, 2009...THAT is for sure.
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airfresh
Champion Author
Massachusetts
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Message Posted: May 7, 2013 5:02:55 PM
Some facts worth considering...
The Dow is not the economy.
The Dow is not the market.
The Dow today is very different then it was in 2007.(the 30 cherry picked stocks that make up the Dow) You're not comparing apples to apples. And there's this thing called inflation that skews the news just a little.
Good news for sure... just may not be as good as some would like to make it out to be.
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noseatbelt
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Indiana
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Message Posted: May 7, 2013 5:01:16 PM
what will happen, when the fed stops printing money, to bolster the economy? They can't keep it up forever.
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RNorm
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San Bernardino
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Message Posted: May 7, 2013 4:49:24 PM
Worry, you just don't see the WHOLE picture...the country is ruined; ruined I tell ya!
Rushbo says so, so its so!
*ROTFL*
[Edited by: RNorm at 5/7/2013 5:00:22 PM EST]
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worryfree
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Twin Cities
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Message Posted: May 7, 2013 4:44:52 PM
What's really bad is how much better things are going under Obama than our cons predicted. (bad for their prescience)
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RNorm
Champion Author
San Bernardino
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Message Posted: May 7, 2013 4:26:24 PM
Just turrible...more bad news:
"NEW YORK -- The Dow Jones industrial average gained 0.6% to close above 15,000 for the first time ever on Tuesday as stocks' long upward climb continued. The S&P 500, which gained 0.5% on the day, also had a record close.
Rob Lutts, chief investment officer at Cabot Money Management, says investors are reacting to a slow but steady improvement in the U.S. economy and he expects more gains ahead. According to his calculations, the market is 15% undervalued, Lutts says."
Obama is really destroying the country...
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Weaslespit
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Cincinnati
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Message Posted: May 3, 2013 3:49:15 PM
"Libs continue to cheer on when people fall off the cliff and the government writes them off as "no longer seeking work" every month."
From my link;
"An additional 210,000 people started looking for work in April, and many of them found jobs."
Oops...
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jayrad1957
Champion Author
Los Angeles
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Message Posted: May 3, 2013 3:29:56 PM
"It's funny to watch the Libs new-found love affair with Wall Street. If Romney was President, there would be protests in the street today "GREED GREED GREED" LMAO"
It is fun watching my porfolio going up now versus down back in late 2008 early 2009. As others have said, I am now way ahead of where I was 5 years back. Keep going Wall Street.
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